Tuesday, March 24, 2015EnerPath Acquired By Lime EnergyRedlands-based EnerPath, a developer of software and provider of program administration for utility, energy efficiency programs, has been acquired by Lime Energy. Financial details of the acquisition were not announced. Lime Energy, which provides energy services to utilities, and is headquartered in North Carolina, said it will use the buy to help address the commercial and residential markets. Lime Energy provides energy services to the commercial and small and medium sized business market.
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Kofax Acquired By Lexmark For $1 BillionIrvine-based Kofax, the developer of document processing software and and other products, is being acquired by printer maker Lexmark, in a deal worth approximately $1 billion, the two said late Tuesday. According to Lexmark, the company will pay $11.00 per share in cash for Kofax. Lexmark said the acquisition will nearly double the size of its enterprise software business, growing that to approximately $700M. Kofax had 2014 revenues of $297 million. Kofax was advised by Lazard in the deal, with (More info...)
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EV Connect, GE Link On Electric Vehicle ChargingLos Angeles-based EV Connect, the electric vehicle charging station operator founded by Jordan Ramer and led by Scott Jarus, said Tuesday that it has entered into a joint marketing and product agreement with the GE Industrial Solutions business. The deal calls for GE to be the preferred, charging station supplier for EV Connect, with EV Connect being the preferred management provider for GE charging stations worldwide. EV Connect helps install and operate electric vehicle charging stations, offe (More info...)
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The Honest Co.'s Brian Lee Backs Outdoor Gear, Apparel Startup CotopaxiLos Angeles-based angel investor Brian S. Lee, who has been behind such companies as LegalZoom, H. Bloom, and The Honest Company, is one of the angel investors in a new outdoor gear and apparel startup, Cotopaxi. Cotopaxi said today that it has raised $6.5M in a Series A funding, which was led by Greycroft Partners, and also included NEA, ForeRunner Ventures, Lere Hippeau Ventures, plus angels which included Lee, along with Josh James (Demo), Jeff Kearl (Stance), Neil Blumenthal (Warby Parker), (More info...)
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j2 Global Buys SugarSyncLos Angeles-based j2 Global has acquired the assets of online file backup and sharing service SugarSync, the company said this morning. Financial terms of the buy were not disclosed. j2 said the buy will expand its cloud backup revenues to more than a $70M annual run rate. j2 Global said the acquisition is not expected to be material to the company. SugarSync had been based in San Mateo, California, and had been venture backed by Coral Group, Draper Fisher Jurvetson, Hatteras Venture Partners, H (More info...)
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Goodbye, LA Dreams: Winklevoss Twins Put Hollywood Mansion Up For LeaseIt looks like all the grand plans by the Tyler and Cameron Winklevoss to set up an investment outpost in Los Angeles have faded away, on news that the twins are now leasing out their Hollywood mansion, asking for $150,000 a month for the 8,000 square foot mansion in the Hollywood hills. The two--who made their fortune via a highly publicized lawsuit against former Harvard classmate and Facebook founder Mark Zuckerberg--had said two years ago that they were acquiring the mansion to set up a West (More info...)
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Vessel, Led By Former Hulu Head Jason Kilar, Launches To PublicVessel, the streaming media subscription service led by former Hulu CEO Jason Kilar, has launched to the public, saying that consumers can subscribe to the service for $2.99 a month. However, Vessel is offering up a year of service for free to new subscribers. The streaming video site prominently features content from such local providers as Machinima and TasteMade, along with other MCNs, and currently appears to have more YouTube stars than traditional, content providers on the service.
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LegalZoom Racks Up 200,000 Legal ConsultationsGlendale-based online legal documents and help site LegalZoom has racked up 200,000 legal consultations, as part of its expansion into connecting consumers with attorneys, the company announced this morning. LegalZoom offers up referrals to attorneys through its LegalZoom Business and Personal Legal Plans product. The company says its service helps attorneys reduce the marketing, administration, and other tasks of finding clients.
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Dell, Intel Roll Out Film On HuluIn a strange intersection of corporate advertising and filmmaking, Dell and Intel said they have released a new film on Los Angeles-based streaming television site Hulu, produced by an Oscar winner and including a number of well known actors. Dell and Intel said the new film, "What Lives Inside" was directed by Oscar-winner Robert Stromberg ("Maleficent") and stars Colin Hanks ("Fargo"), J.K. Simmons ("Whiplash") and Catherine O'Hara ("Best In Show"). The two technology firms said the film is a (More info...)
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Guidance Software Signs Life InsurerPasadena-based forensics and electronic discovery software developer Guidance Software reported a win this morning with a large life insurance company. According to Guidance Software, the un-named insurer is using its EnCase Cybersecurity and EnCase Analytics, as part of a Payment Card Industry Data Security Standard (PCI DSS) effort. Financial impact of the win was not disclosed. Encase said the life insurance company has more than 1,000,000 policies.
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